All Forum Posts by: Cody Hunter

Hi All, 

I'm reaching out to seek advice on how to raise 40-50K (or more) without using business credit. Gross income is 60K. Credit score of 750, however available credit is 5k, open lines is 1 revolving and 1 auto. I've done research on credit stacking and personal loans. Credit stacking seems tricky on the personal side, and seeking resources is full of scammy sketchy people. This seems like a viable option if done properly to open personal credit, then liquidate for cash (also finding a merchant). On the personal loans, the overall amount seems to be too big of an ask. The money is being raised to inject into a partnership property/business for the purpose of refi and construction.

My thoughts:

Credit stack:

- 1 from each credit bureau from tier 1 banks

- maybe a couple from tier 2? 

(not sure if this would raise enough)

Personal loan:

- break it down into smaller amounts and work the system depending on where they pull from.

What would you do in my shoes? 

Thanks @Rolly Weaver. We decided to split the entities and have a contract between the two. Thanks!

Hi all,

We are working to secure out first hospitality property. Our thought is to put the real estate and the business in separate companies then draft a lease between them. This would separate liability and differentiate the active vs passive income. Real estate under our current active business. New company under an entity in that state. We are trying our best to create the foundation to expand our portfolio & brand. I haven't been successful in finding resources as to the best structure to add property's and potentially franchisees in the future. 

Questions:

1) What is the best structure between business and property (combo vs lease)? And for acquiring property? And for franchising?

2) How does structure effect refi? 

3) How does structure effect taxes?

All for know. Thank you for the input. 

@Jordan Farris What is your question? 

HI All,

Example: On a million dollar property, the seller will finance w/ 20% down ($200K). Then HML is secured for the $200K.

When seller financing, is it common that the seller would take 2nd to HML to close a deal? What about HML 2nd to seller-this is a much high interest? Maybe just some clarification as to if this is workable...

Thanks! 

Hi All,

We are working to secure a property in the hospitality space. We seem to be hitting road blocks with lending, as most we know are SFH & MFH. What advice do you have for vetting lenders, as well as sourcing?

Thank you

HI all,

I am seeking the typical process involved with financing rehabs using a hard money lender, after identifying a property. Additionally, what is the best process to vet lenders? Last, is the process different because we are a business? 

Thanks! 

 Thanks Chad! Sounds like a great time! 

 Thanks Steven!